Former Vescore subsidiary acquires adviser and rebrands

As a result of the move, the firm has been renamed Hérens Quality Asset Management (HQAM).

Diego Föllmi and Dmitry Baulin, the long-standing managers of CEAMS, bought the firm back from Vontobel in September 2016 alongside the owner of Hérens Partners, Dr Andreas Mattig. Vontobel had only acquired Vescore and its subsidiaries in June 2016.

Speaking to Citywire Switzerland, Föllmi, CEO of the newly formed company, said the two firms originally had a slightly different client profile.

‘Hérens Partners used to be private client focused and as a result more advisory services oriented, while CEAMS mainly worked with institutional clients.’

HQAM will focus on systematic investments in quality companies, which has been at the core of CEAMS’ investment approach since 2003.

‘After the merger the CEAMS investment process will remain unchanged and all team members of CEAMS and Hérens Partners will remain in place,’ Föllmi said.

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